RCI Hospitality (RICK) PT Set at $34.00 by Westpark Capital

RCI Hospitality (NASDAQ:RICK) received a $34.00 price objective from stock analysts at Westpark Capital in a report released on Thursday. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Westpark Capital’s target price would indicate a potential upside of 15.92% from the company’s current price.

RICK has been the subject of several other research reports. ValuEngine downgraded shares of RCI Hospitality from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of RCI Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, BidaskClub raised shares of RCI Hospitality from a “hold” rating to a “buy” rating in a report on Thursday, January 18th.

Shares of RCI Hospitality (RICK) opened at $29.33 on Thursday. The firm has a market cap of $286.12, a PE ratio of 34.51 and a beta of 0.33. RCI Hospitality has a 1-year low of $16.02 and a 1-year high of $33.78. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.96 and a quick ratio of 0.88.

Hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC acquired a new stake in RCI Hospitality in the fourth quarter worth about $133,000. Nationwide Fund Advisors lifted its holdings in RCI Hospitality by 269.6% in the second quarter. Nationwide Fund Advisors now owns 6,848 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 4,995 shares during the period. First Trust Advisors LP acquired a new stake in RCI Hospitality in the fourth quarter worth about $224,000. Rhumbline Advisers acquired a new stake in RCI Hospitality in the third quarter worth about $207,000. Finally, Bessemer Group Inc. raised its position in RCI Hospitality by 74.0% in the third quarter. Bessemer Group Inc. now owns 8,700 shares of the restaurant operator’s stock worth $215,000 after acquiring an additional 3,700 shares in the last quarter. 48.69% of the stock is owned by institutional investors and hedge funds.

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About RCI Hospitality

With more than 40 units, RCI Hospitality Holdings, Inc, through its subsidiaries, is the country’s leading company in gentlemen’s clubs and sports bars/restaurants. Clubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, and other cities operate under brand names, such as “Rick’s Cabaret,” “XTC,” “Club Onyx,” “Vivid Cabaret,” “Jaguars” and “Tootsie’s Cabaret.” Sports bars/restaurants operate under the brand name “Bombshells Restaurant & Bar.” Investors are attracted by RCI’s strong cash flow, operating margins and local laws that create high barriers to entry in the gentlemen’s club business.

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